July 29, 2019, 8:01PM EDT
• 2 min read

ICO treasury balances steadily declining

Quick Take

  • Out of the 57 ICO projects analyzed, ETH treasury balances gradually decreased over the past year
  • Within the last 12 months, these companies liquidated (or moved) 1.8 million ETH from their treasuries
  • In aggregate, these ICOs have moved or liquidated 72% of the amount they initially raised (8.2 million ETH)
  • 11 of the companies are currently trading at a discount to the value of their ETH treasury balance

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